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Yan | swan.com
Swan
@skwp
co-founder & CTO @swan. Author Inventing Bitcoin. Shadowy Super Coder.
Chicago, IL
Joined December 2006
Posts
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    Today on clubhouse I heard an 18 year old kid from Lebanon who’s been stacking Bitcoin since he was 16 to avoid crippling currency devaluation. This is the generation that will topple authoritarian regimes while dollar privileged armchair economists argue that Bitcoin has no use
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    You know which asset China can’t disrupt with an open source algorithm? Bitcoin.
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    “Bitcoin has no use except for speculation by tech bros”. A debunk thread.👇
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    Replying to @elonmusk
    What in the actual fuck are you doing dude.
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    Bitcoin doesn't have bear markets, much like the Internet doesn't have dips in adoption. Adoption is one way only. This concept is misapplied to Bitcoin by traders because it appears to have a price. Adoption is only going in one direction. Fundamental value grows with adoption.
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    "Don't buy Bitcoin, it's going to crash"
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    Replying to @paulkrugman
    Let’s remove the stuff people need from our data. That would be a cool exercise.
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    Breaking: Hillary Clinton says bitcoin is working as intended
    Hilary Clinton gave the absolute best endorsement to #Bitcoin today. SEND IT 🚀
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    1/THREAD: WHEN WAS IT CLEAR? Oct. 8, 2020: The purpose of this thread is to document and timestamp when it first became clear that #Bitcoin was likely to become a major reserve asset for public corporations, and eventually states, with Square's purchase of $50M in BTC.
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    El Salvador becomes first nation properly positioned for self sovereignty on a bitcoin standard.
    We've decided to transfer a big chunk of our #Bitcoin to a cold wallet, and store that cold wallet in a physical vault within our national territory. You can call it our first #Bitcoin piggy bank 🇸🇻 It's not much, but it's honest work 😂
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    Why is Bitcoin worth 100x of BCH, it’s closest clone? Instead of thinking of bch as “Bitcoin plus bigger blocks for scalability”, think of it as “Bitcoin minus decentralization and immutability”. The value prop of Bitcoin becomes much more clear.
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    Bitcoin has been 100% politically derisked. The OCC has authorized banks to custody Bitcoin. Every fund manager has to explain why they’re getting annihilated by competition embracing Bitcoin. Every pubco has to explain to shareholders why it’s good enough for the US government
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    Recently we announced that some of the banks and qualified custodians that Swan works with have been freezing or terminating accounts involved in mixing Bitcoin. Today I’d like to help the industry get perspective on what’s going on, and what steps we are taking to do the right
    ICYMI: We talked about how BSA/Patriot are unconstitutional, ineffective, and result in hundreds of millions of Americans getting their data stolen, and how new FinCEN rules are going to make government even more ineffective while hurting more citizens. youtube.com/watch?v=nhSKOB…
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    🚨Action Required: FinCEN has a proposed rule that tramples our 1st and 4th amendment liberties, continuing the expansion of unwarranted search and seizure on law abiding Americans. You can comment in less than 5 minutes with 3 easy steps: 1. Source a list of objections.
    Replying to @skwp
    If the reason people aren’t submitting objections to this FINCEN CVC mixing proposal, during the public comment period yet, is because they don’t know where to start.. I’ve created a few useful points for folks to get started with if they find it helpful. pastebin.com/08xKdhns